SBI Kavach Personal Loan Scheme: Worried of financial aspects in times of this COVID-19 pandemic? Well, if you are a customer of the State bank of India (SBI), you can have a shield of financial assistance for you and your family with SBI's KAVACH personal loan.

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The largest public sector lender in the country has recently tweeted from its official Twitter handle assuring the SBI customers of the financial aid. The tweet said, "Introducing KAVACH Personal Loan by SBI. As the nation battles this dreadful virus, we are providing financial aid to you and your family members for Covid treatment. Know more: bit.ly/3AjlbU6 ." 

 

The SBI customers must note that the KAVACH personal loan is available for COVID-19 treatment at the lowest interest rate of 8.50 per cent per annum. An SBI customer has to keep the following things in mind while availing the loan. They are as follows: 

1) The customer can take a loan under KAVACH up to a maximum amount of Rs 5 lakh. 

2) The repayment of the loan should be done within 60 months that includes the three months of moratorium. 

3) Also, for availing this loan, one has to present the COVID-19 positive report

As per the SBI website, one must note that the purpose of this loan is for COVID-19 treatment of self or family member who are found COVID-19 Positive on or after April 1, 2021. The target group for this loan include the salaried, non-salaried, as well as the pensioners who are customers of the bank.

The SBI customers must note that the KAVACH personal loan can be availed through the branch channel, as well as the digital channel which is pre-approved through YONO. 

For further details related to the KAVACH personal loan, one can login to the official website of SBI at bank.sbi or call at 1800 11 2211.